Izmir, Ankara and Istanbul Top Three in World Property Price Growth
The top three came out of Turkey, according to data from the Global Cities Price Index, which was renewed every quarter by Knight Frank, which measures global price increases in the real estate market. Izmir, where house prices increased by 28.1 percent in the 12-month period, came first. Of the 150 cities, Ankara came in second with an increase rate of 26.4 per cent, while Istanbul came in third with 20.2 per cent. Endeksa.com And General Manager Görkem Öğüt evaluated the list and gave information about the real estate market throughout Turkey.

The admonition is that the provinces with increased value throughout Turkey are much more and that there are provinces with an increase of 40-50 percent. "In fact, although the largest increase is seen in Izmir, Izmir is one of the most is located in the middle of the Mugla, Antalya, Diyarbakir, Gaziantep provinces There's a 39-50 increase. We're way, far above the rankings here, actually. Long We've been at the bottom of this list for a while. In Turkey since 2018 the real estate market showed a downward trend. Deficit as interest rates fall there was a move that closed, but according to Endeksa data, house sales prices in Turkey increased by 25.8% in the last year. The increase in some provinces it's pretty on top of it. For example, the value increase in Mugla over the last 1 year is 40.56%, In Antalya, it is at 39.72%," he said.

Square Meter Sales

Price (TL/m2)

Annual Change

Rate (%)

Adana

2.090

25,98

Ankara

2.063

20,29

Antalya

3.043

39,72

Balikesir

2.766

22,44

Bursa

2.430

20,36

Canakkale

2.836

25,71

Denizli

2.396

22,87

Diyarbakir

1.738

36,31

Düzce

1.814

27,57

Edirne

2.485

20,16

Eskisehir

2.350

25,87

Gaziantep

2.303

36,27

Istanbul

4.003

16,91

Izmir

3.414

21,97

Kayseri

1.758

24,77

Kocaeli

2.268

18

Konya

1.796

22,18

Kutahya

1.843

23,69

Malatya

1.760

25,89

Manisa

2.322

29

Mugla

5.777

40,56

Nigde

1.351

16,47

Army

2.089

16,83

Saha

2.153

24,74

Tekirdag

1.918

22,24

Slap

1.934

22,48

Trabzon

2.105

18,13

Yalova

2.467

15,5

Yozgat

1.681

25,54

Zonguldak

2.354

23,5

Admonition added:

To Turkey a tempting list in terms of coming and investing

"To the countries of Berlin, St. Petersburg, Seoul and Luxembourg listed, When we look at them, their real estate market is a little more sat down. Both the policies and the older structure there These are areas where changing hands is very low due to the lack of housing. It's the same in London. In our hands, the effect of interest rates is much more There is an accelerated market. This list is a list of people who have come to Turkey and a tempting list in terms of investing.

That fall on this ascension caused confusion

1,800-1,850 in Ankara There was an average unit price of one square meter, which is TL, which is now up to 2.050 TL. When we look at the overall trend in Turkey, the upward momentum has been Since it's not so surprising. If the market had risen completely flat We'd have already seen these levels. The astonishing situation here is in 2018 the fall. This rise on that fall has caused a stir. Humans "Why did these prices go up so much?" Rise we also predict that it will last. Production started with reduced on-hand inventories and production started with new costs. Homes that are now costing more It's starting to hit the market. So this price rise will continue.

With costs housing prices have also risen together

Manufacturers' costs increased by 40-50 percent. Products to be released will also be priced higher. "If more house prices fall, it's cheaper will not be reciproced. Next at the same time these prices will be less. There's no such aggressive jump. however, the upward trend will continue at less pace.

To the end of the year sales to foreigners will increase until

A good market at the point of selling housing to foreigners but moving markets are also feared. "Next month Let's observe, let's invest like that" there is a way of instinctive behavior. We may not see the effect of this right away. Dorm foreign investors from outside a period of observation after a rising they're going to want to invest in the real estate market. Position of the dollar It's obvious in our country. Higher capacity quality product for foreign investments became more and more possible to take. It's not very fast, but it's going to be a we can see mobility. "